(C) The formula for simple interest is $SI = \frac{P \times R \times T}{100}$,where $P$ is the principal,$R$ is the rate of interest,and $T$ is the ti

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(C) The formula for simple interest is $SI = \frac{P \times R \times T}{100}$,where $P$ is the principal,$R$ is the rate of interest,and $T$ is the time in years.Given: $SI = ₹ 5400$,$R = 12 \%$,$T = 3 \text{ years}$.Substituting the values into the formula:$5400 = \frac{P \times 12 \times 3}{100}$$5400 = \frac{P \times 36}{100}$$P = \frac{5400 \times 100}{36}$$P = 150 \times 100 = 15000$.Therefore,the principal amount borrowed was ₹ $15000$.

Competitive Quantitative Aptitude Interest Simple Interest

Easy

$A$ man took a loan from a bank at the rate of $12 \%$ $p.a.$ simple interest. After $3$ $years$ he had to pay ₹ $5400$ interest only for the period. The principal amount (in ₹) borrowed by him was:

A
$2000$
B
$10000$
C
$15000$
D
$20000$

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Interest

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Simple Interest

How many years will it take for an amount of $Rs. 600$ to yield $Rs. 120$ as interest at $10 \%$ per annum of $S.I.$?

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$A$ person receives a simple interest of ₹ $1,000$ on a certain principal at the rate of $5 \%$ $p.a.$ in $4$ years. What compound interest (in ₹) will that person receive on twice the principal in $2$ years at the same rate?

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Dalajit lent ₹ $10800$ to Jaabir for $3$ $years$ and ₹ $7500$ to Kabir for $2$ $years$ on simple interest and received ₹ $1422$ in all from both of them as interest. The rate of interest (in $\%$) per annum is

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Simple interest on a certain sum is $\frac{16}{25}$ of the sum. If the rate per cent and time (in years) are equal,then the rate per cent is:

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$A$ man took a loan from a bank at the rate of $12 \%$ $p.a.$ simple interest. After $3$ $years$ he had to pay ₹ $5400$ interest only for the period. The principal amount (in ₹) borrowed by him was:

Similar Questions

How many years will it take for an amount of $Rs. 600$ to yield $Rs. 120$ as interest at $10 \%$ per annum of $S.I.$?

$A$ certain sum of money amounts to ₹ $918$ in $2$ $years$ and ₹ $969$ in $3.5$ $years$ at simple interest. What is the rate of interest (in $\%$ $p.a.$)?

$A$ person receives a simple interest of ₹ $1,000$ on a certain principal at the rate of $5 \%$ $p.a.$ in $4$ years. What compound interest (in ₹) will that person receive on twice the principal in $2$ years at the same rate?

Dalajit lent ₹ $10800$ to Jaabir for $3$ $years$ and ₹ $7500$ to Kabir for $2$ $years$ on simple interest and received ₹ $1422$ in all from both of them as interest. The rate of interest (in $\%$) per annum is

Simple interest on a certain sum is $\frac{16}{25}$ of the sum. If the rate per cent and time (in years) are equal,then the rate per cent is:

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